NOT LISTED FOR SALE

1090 S Mollison Ave El Cajon, CA 92020

El Cajon Area
8 Beds
4 Baths
3,168 Sq Ft
10,140 Sq Ft Lot

Sale Details

Date Sold: August 4, 2021

Last sale price $1,227,000 $387 Per Sq Ft

105 Days on Market

Highlights

  • No HOA
  • Valhalla High Rated A-
  • Laundry closet

About This Home

As of August 2021

Great investment opportunity. One single level building with 4 units attached. There are 2bd/1bath and laundry and backyard. Tenants occupied. Please do not disturb the tenants.

Last Agent to Sell the Property

Mark Smith

Town & Ranch Realty License #01746341 Listed on: 03/14/2021

Last Buyer's Agent

Faris Stephan

IQ Realty & Lending License #01341039

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 10,140 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • 3,168 Sq Ft Home
  • Property Attached

Laundry

  • Laundry closet

Listing and Financial Details

  • Tax Lot 03001
  • Tax Tract Number 1327
  • Assessor Parcel Number 4932252200

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,227
  • Trash Expense $1,194
  • Water Sewer Expense $1,153
  • New Taxes Expense $5,858
  • Operating Expense $32,622
  • Gross Income $34,227
  • Net Operating Income $34,227

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

10,140 Sq Ft Lot

Listing Details

  • CapRate: 3.40
  • Property Attached: Yes
  • Water Sewer Expenses: 1153.00
  • Zoning: R-3:RESTRICTED MULTIPLE
  • Property Type: Residential Income
  • Parcel Number: 4932252200
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 387.31

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Trash Expense: 1194.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 10140.00
  • Lot Size Acres: 0.2328

Multi Family

  • Gross Income: 34227.00
  • Gross Scheduled Income: 66850.00
  • Insurance Expense: 3227.00
  • Lot Size Area: 10140.0000 Square Feet
  • Net Operating Income: 34227.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 32622.00
  • Rent Control: No
  • Total Expenses: 32622.00

Tax Info

  • New Taxes Expense: 5858.00
  • Tax Lot: 03001
  • Tax Tract Number: 001327

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2022
Sold by
Stephan and Bann
Bought by

Purchase Details

Listed on
Mar 14, 2021
Closed on
Jul 7, 2021
Sold by
Florence Schoonard
Bought by
Elvin And Florence Schoonard Family Trust
Seller's Agent
Mark Smith
Town & Ranch Realty
Buyer's Agent
Faris Stephan
IQ Realty & Lending
List Price
$1,400,000
Sold Price
$1,227,000
Premium/Discount to List
-$173,000
-12.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2008
Sold by
Schoonard Florence
Bought by
Schoonard Florence and Elvin & Florence Schoonard Family Trust

Purchase Details

Closed on
Nov 3, 2005
Sold by
Schoonard Elvin E and Schoonard Florence
Bought by
Schoonard Elvin E and Schoonard Florence
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
Elvin And Florence Schoonard Family Trust -- --
Stephan Faris $1,227,500 First American Title Ins Co
Schoonard Florence -- None Available
Schoonard Elvin E -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $700,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/04/2021 08/04/21 Sold $1,227,000 +2.3% $387 / Sq Ft
06/29/2021 06/29/21 Pending -- -- --
06/25/2021 06/25/21 Price Changed $1,200,000 -14.3% $379 / Sq Ft
06/23/2021 06/23/21 For Sale $1,400,000 +14.1% $442 / Sq Ft
05/19/2021 05/19/21 Off Market $1,227,000 -- --
03/16/2021 03/16/21 For Sale $1,400,000 -- $442 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $18,263 $1,328,684 $649,458 $679,226
2025 $18,371 $1,302,632 $636,724 $665,908
2024 $18,371 $1,277,091 $624,240 $652,851
2023 $17,841 $1,252,050 $612,000 $640,050
2022 $17,416 $299,895 $112,674 $187,221
2021 $6,365 $299,895 $112,674 $187,221
2020 $5,859 $296,821 $111,519 $185,302
2019 $3,616 $291,002 $109,333 $181,669
2018 $3,558 $285,297 $107,190 $178,107
2017 $30 $279,704 $105,089 $174,615
2016 $3,371 $274,221 $103,029 $171,192
2015 $3,758 $270,103 $101,482 $168,621
2014 $3,291 $264,813 $99,495 $165,318
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2101781

California Regional Multiple Listing Service (CRMLS)

APN: 493-225-22-00

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